Fiscal Outlook: Key Economic Assumptions

For other reports and posts related to our November 2017 Fiscal Outlook, see here.

Below are summaries of the key economic assumptions underpinning the economic growth scenario through 2022 in our November 2017 Fiscal Outlook. (The outlook also discusses how state revenues would perform in a hypothetical moderate recession scenario.)

The figure below compares our November 2017 near-term economic assumptions to those reflected in the June 2017 state budget package. (The June budget economic assumptions were based on the Department of Finance's May 2017 economic forecast.)